Riyadh (300296): Demand is weak, business is under pressure in 2023, waiting for downstream improvements
The 2023 results are lower than our expectations. The 1Q24 results are in line with our expectations. The company announced the 2023 results: operating income of 7.615 billion yuan, down 7% year on year, and net profit to mother of 286 million yuan, up 2% year on year.
Riyadh (300296.SZ): Net profit of 101 million yuan in the first quarter decreased 17.01% year-on-year
On April 25, GLONGHUI (300296.SZ) released its report for the first quarter of 2024. Operating revenue for the reporting period was 1,800 million yuan, up 1.02% year on year; net profit attributable to shareholders of listed companies was 101 million yuan, down 17.01% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 82.7828 million yuan, up 8.95% year on year; basic earnings per share were 0.0400 yuan.
Express News | Riyadh signs memorandum of cooperation with Huaxia Film
Express News | Riyadh Group: Achieve 50% — 100% Growth in Micro LED Business by 2024
Riyadh (300296.SZ): LED products have been widely used in the company's cultural tourism night tour business
On April 16, GLONGHUI | Riyadh (300296.SZ) said on the investor interactive platform that LED products have been widely used in the company's cultural tourism night tour business. Over the years, the company has used audiovisual technology as the starting point, creativity as the driving force, and business format as the support, combined with the local culture of the project to expand the reach and boundaries of cultural tourism experiences through landscape, scenario-based, content-based, ecological, and IP construction, to achieve multi-format integration and industrial ecological restructuring, and forge one boutique project after another, such as Xi'an Datang Never Sleeps, Wuhan Liangjiang Four Banks Light Show, Shenyang Intermediary Pedestrian Street, Suzhou Gusu 8:30, etc. 2023, national language
Riyadh (300296.SZ): It has self-developed smart light pole products, has project delivery capabilities, and has accumulated multiple project cases
On April 16, GLONGHUI | Riyadh (300296.SZ) said on the investor interactive platform that the company has self-developed smart light pole products, has project delivery capabilities, and has accumulated multiple project cases. Smart light pole products independently developed by the company, including smart street lights, smart poles, multi-function smart light poles, etc., use road members as carriers to integrate and mount various devices, integrate basic resources such as poles, communication, power supply, etc., and are supported by a comprehensive software management platform. Through the use of advanced ICT information and communication technology, mass data collection, transmission, publication and remote intelligent monitoring are realized.
Express News | Riyadh: Mini-LED and micro-LED chips and modules of participating company Saphlux have already been mass-produced
LYDIA (300296.SZ): LYDIA focuses on generating and understanding motion data in spatial computation, and can generate three-dimensional data of motion
On April 16, Ge Longhui (300296.SZ) said on the investor interactive platform that LYDIA focuses on generating and understanding motion data in spatial computation, can generate three-dimensional movement data, is compatible with current mainstream digital content creation platforms, and can achieve relatively accurate character motion generation. LYDIA can not only be used in the field of film and television, but can also serve various industry scenarios that require spatial computational content generation, such as games, animation, e-commerce, education, sports, and arts.
Riyadh (300296.SZ) announced its 2023 annual results, with net profit of 286 million yuan, an increase of 1.6% over the previous year
Riyadh (300296.SZ) released its 2023 annual report. The company's revenue was 7.615 billion yuan, down 6.61% year on year; net profit attributable to shareholders of listed companies was 286 million yuan, up 1.60% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 190 million yuan, up 3.99% year on year; basic earnings per share were 0.1130 yuan/share. It is proposed to distribute a cash dividend of 0.5 yuan (tax included) for every 10 shares to all shareholders.
Express News | Riyadh: Net profit due to mother increased 1.60% year-on-year in 2023, and plans to pay 10 to 0.4 yuan
Riyadh (300296.SZ): LYDIA is fully compatible with existing digital content creation processes and is widely used
Glonghui, March 21丨An investor asked Riyadh (300296.SZ) on the investor interactive platform, “Recently, Huawei and others launched Pixart-σ, an innovative model for generating 4K ultra-high-definition images. What are the differences in the fields of use of Riad's LYDIA model?” The company replied that LYDIA focuses on generating and understanding motion data, and that its training data comes from spatial 3D data accumulated by virtual moving points over many years. At the same time, it also outputs 3D data, which is fully compatible with existing digital content creation processes and is widely used.
Riyadh (300296.SZ): LYDIA's training data comes from spatial three-dimensional data accumulated by its subsidiary Beijing Virtual Moving Point over the years
Gelonghui, March 21丨An investor asked Riyadh (300296.SZ) on the investor interactive platform, “It is reported that your LYDIA model can quickly generate corresponding actions using text. What is the data source for this technology?” The company replied that LYDIA's training data comes from spatial three-dimensional data accumulated by its subsidiary Beijing Virtual Moving Point over many years.
Express News | Riyadh's central China headquarters and R&D production base project signed and landed
Express News | More than 10 listed companies disclosed repurchase plans after the market and announced Hisense Video plans to repurchase shares of up to 750 million yuan
Riyadh (300296.SZ): The company's display products have been widely used in large-scale entertainment events such as concerts
Glonghui March 11 | Riyadh (300296.SZ) said on the investor interactive platform on March 11 that the company's display products have been widely used in large-scale entertainment events such as concerts.
Riyadh (300296.SZ): The company's LED display can be used for home screens
Glonghui March 11 | Riyadh (300296.SZ) said on the investor interactive platform on March 11 that the company's LED display can be used for home screens.
Riyadh (300296.SZ): The company's products are mainly large-screen displays, and currently there are no AR glasses
Glonghui, March 11 | Riyadh (300296.SZ) said on the investor interactive platform on March 11 that the company's products are mainly large screen displays, and there are currently no AR glasses.
Express News | Riyadh: Plans to repurchase shares for 30 million yuan to 60 million yuan
Riyadh (300296.SZ): AI has completed the LYDIA 1.0 version of the big action model and released it at the end of 23
GLONGHUI March 11 丨 Some investors asked Riyadh (300296.SZ) on the investor interactive platform, “Can your company vigorously develop virtual reality technology and strive to achieve excellent results in the same industry to repay shareholders?” The company replied that the company relies on spatial computing and other technologies to provide an interactive experience in the virtual world for the metaverse, and has formed a VR large space interactive application solution; virtual digital humans can achieve production, driving, rendering, etc. to form digital human solutions; the AI direction has completed the 1.0 version of the big action model LYDIA and released it at the end of 23. It will continue to develop and complete the yuan in the future
Riyadh (300296.SZ): Can empower robot development
Gelonghui March 11 丨 An investor asked Riyadh (300296.SZ) on the investor interactive platform, “Can the company's motion capture technology and generative generative models be applied to the development of humanoid robots?” The company replied that it can empower robot development. For example, Kuka previously used our dynamic capture technology to complete robotic arm assisted training applications; Energid used our motion capture technology to develop robot handling technology testing and verification, etc.
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